Louisiana Considers Ditching Its Income Tax
Bobby Jindal calls proposed move revenue-neutral
By Matt Cantor, Newser User
Posted Jan 11, 2013 5:49 AM CST
In this Friday, July 27, 2012 file photo, Louisiana Gov. Bobby Jindal speaks at a Republican Party of Arkansas fundraising dinner in Hot Springs, Ark.   (AP Photo/Danny Johnston, File)

(Newser) – Bobby Jindal wants to do away with income and corporate taxes in his state—and raise Louisiana's 4% sales tax to make up the difference, the New Orleans Times-Picayune reports. "It's time to change that so people can keep more of their own money and foster an environment where businesses want to invest and create good-paying jobs," the governor said yesterday in a statement. The move, which he described as a revenue-neutral one, would aim to keep the sales tax "as low and flat as possible."

"Eliminating personal income taxes will put more money back into the pockets of Louisiana families and will change a complex tax code into a more simple system that will make Louisiana more attractive to companies who want to invest here and create jobs," the governor said. One local report asserts that the sales tax would need to climb to 7% under the measure.

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BinThereDunThat
Jan 12, 2013 10:42 AM CST
Better idea: Ditch Bobby Jindal, and all other Republicans in the State Senate.
markp
Jan 12, 2013 9:16 AM CST
What I love is how the Republicans can moan about the rich paying 86% of all income taxes. However, every person on this board are the ones that are going to pay higher taxes to give the rich their breaks (Even you 2poor). Not a single person here is in that 1% but yet you want to give them breaks 99% will never recieve. And don't give me that they are the job creators, most are Hedge Fund managers, Trust Fund babies, and those that are so far up in the stratosphere of Corp. America they are past the point of creating jobs. These rich only think of how much more money they can make, not how many jobs they can create. Like all corporations they have a team of tax accountants going over every single tax code to minimize what they owe the Govt. something the average citizen can't afford or take advantage of. I still think the flat tax is the best alternative, everyone pays the same so no complaining from the rich or poor..But it will never happen in my lifetime...
2poor
Jan 11, 2013 3:40 PM CST
Only in America , could the “rich” people - who pay 86% of all income taxes - be accused of not paying their "fair share" by people who don't pay any income taxes at all.